Veterinary Ultrasound Systems Sales Market Report 2024 (Global Edition)

Global Veterinary Ultrasound Systems Sales Market Report 2024 Market Size Split by type (2D Ultrasound, Doppler Ultrasound, 3D/4D Ultrasound), by Product (Cart-based Ultrasound Scanners, Portable Ultr...

Veterinary Ultrasound Systems Sales Market Report Description

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Veterinary Ultrasound Systems Sales Market Insights Video

Competitive Landscape of the Veterinary Ultrasound Systems Sales Market

The competitive landscape of the Veterinary Ultrasound Systems Sales market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Distinguished market participants are engaging in collaborative endeavors by forming partnerships with other firms in order to maintain a competitive edge. Several firms are also allocating resources towards introducing new products in order to broaden their range of offerings. Mergers and acquisitions are important tactics used by companies to broaden their range of products.

June 2020: FUJIFILM Sonosite, Inc., a subsidiary of Fujifilm Healthcare, has just launched the Sonosite PX ultrasound system. Sonosite specializes in developing innovative point-of-care ultrasound (POCUS) technology. The Sonosite PX is the most recent innovation in Sonosite POCUS technology, providing exceptional image quality, a variety of features to improve workflow efficiency, and a versatile design.

Source:https://www.sonosite.com/in/blog/fujifilm-sonosite-launches-new-point-care-ultrasound-system-india 

March 2021: GE HealthCare has unveiled the Vscan Air, an innovative wireless portable ultrasound device. This portable device is especially designed for use at the location where medical treatment is provided, offering veterinarians advanced imaging capabilities. It provides prompt and precise diagnosis in many situations, making it very advantageous for veterinary practitioners. The Vscan Air is well recognized for its ease and user-friendly design, enabling a range of applications in veterinary care.

Source:https://www.gehealthcare.com/about/newsroom/press-releases/ge-healthcare-introduces-vscan-air-sl-a-wireless-handheld-ultrasound-device-for-rapid-assessments-of-cardiac-and-vascular-patients

Top Companies Market Share in Veterinary Ultrasound Systems Sales Industry: (In no particular order of Rank)

• Fujifilm SonoSite (Japan)
• SonoScape (China)
• Well.D (India)
• Kaixin Electric
• Esaote (Italy)
• Echo Control Medical (France)
• Mindray (China)
• SIUI (China)
• EDAN (China)
• Bionet (South Korea)
• Samsung Medison (South Korea)
• Hitachi Aloka (Japan)
• BCF Technology (U.K.)
• Chison (China)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Veterinary Ultrasound Systems Sales Market

Which Region Dominates the Veterinary Ultrasound Systems Sales Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The expansion of the pet care sector in North America may be attributed to two primary factors: the existence of advanced veterinary institutions and the substantial expenditure on pet care. This expenditure is driven by the prevailing tendency of seeing pets as integral members of the family. Technological advancements and the presence of leading market players have significantly contributed to the development of veterinary ultrasonography techniques.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Veterinary Ultrasound Systems Sales market. The rise in the Asia-Pacific area is driven by the rising rates of pet adoption, the development of healthcare facilities, and the growth of disposable incomes. Moreover, significant financial commitments in veterinary healthcare and growing consciousness about pet health are propelling the market for veterinary ultrasonography equipment.

 

The current report Scope analyzes Veterinary Ultrasound Systems Sales Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Veterinary Ultrasound Systems Sales

According to Cognitive Market Research, the global Veterinary Ultrasound Systems Sales market size was estimated at USD 365.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 146.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. The growth of the veterinary ultrasonography systems market in North America is driven by the advanced veterinary hospital infrastructure and substantial investment in pet care. Due to the increasing anthropomorphism of dogs, there is a growing need for sophisticated medical technology, leading to higher levels of expenditure. The market expansion is also bolstered by advancements in technology and the dominant presence of top industry rivals.

• According to Cognitive Market Research, the US had a major share in the Veterinary Ultrasound Systems Sales market with a market size of USD 115.26 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The rising number of domesticated animals has resulted in a higher need for veterinary ultrasonography imaging.
• The Canada Veterinary Ultrasound Systems Sales market had a market share of USD 17.53 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The recognition of the advantages of ultrasonography in the diagnosis of animal illnesses has grown in the area.
• The Mexico Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 13.29 million in 2024.

Europe Veterinary Ultrasound Systems Sales

According to Cognitive Market Research, the global Veterinary Ultrasound Systems Sales market size was estimated at USD 365.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 109.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. The European market is impacted by a notable focus on animal welfare, broad government regulations that support veterinarian care, and a high incidence of pet ownership. The sector is propelled by advancements in veterinary diagnostics and a well developed veterinary infrastructure. Increased spending on pet care and pet health insurance also significantly contribute.

• The United Kingdom Veterinary Ultrasound Systems Sales market had a market share of USD 18.41 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. The United Kingdom encounters a range of animal health obstacles, and prompt identification is crucial for efficient treatment.
• The France Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 10.08 million in 2024.
• According to Cognitive Market Research, the Germany Veterinary Ultrasound Systems Sales market size was valued at USD 21.69 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. The rising population of pet owners in Germany has resulted in a higher need for veterinary ultrasonography imaging.
• The Italy Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 9.42 million in 2024.
• The Russia Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 16.98 million in 2024.
• The Spain Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 8.98 million in 2024
• The Luxembourg Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 3.40 million in 2024.
• The Portugal Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 2.30 million in 2024.
• The Greece Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 1.31 million in 2024.
• Rest of Europe's Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 16.98 million in 2024.

Asia Pacific Veterinary Ultrasound Systems Sales

According to Cognitive Market Research, the global Veterinary Ultrasound Systems Sales market size was estimated at USD 365.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 84.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031. Growth in the Asia-Pacific area is being driven by factors such as an upsurge in pet adoption rates, the development of healthcare facilities, and a rise in disposable incomes. The demand for veterinary ultrasonography equipment is fueled by significant expenditures in veterinary healthcare and an increasing awareness of the significance of companion health. The area is now seeing a substantial surge in Innovations in technology and scientific and engineering development (R&D) endeavors.

• According to Cognitive Market Research, the China Veterinary Ultrasound Systems Sales market size was valued at USD 37.80 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. The growing number of pets in China is fueling the need for veterinary treatment.
• The Japan Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 11.59 million in 2024.
• The India Veterinary Ultrasound Systems Sales market had a market share of USD 10.08 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. The growing popularity of pet ownership in India has resulted in a higher need for veterinary healthcare services.
• The South Korea Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 8.40 million in 2024.
• The Australia Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 4.37 million in 2024.
• The South East Asia Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 5.80 million in 2024.
• The Rest of Asia Pacific Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 5.96 million in 2024.

South America Veterinary Ultrasound Systems Sales

According to Cognitive Market Research, the global Veterinary Ultrasound Systems Sales market size was estimated at USD 365.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 18.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. The market in Latin America is seeing expansion due to an increase in pet ownership, more disposable incomes, and advancements in veterinary healthcare infrastructure. There is an increasing degree of knowledge about pet health and the use of advanced veterinary diagnostic tools. Furthermore, the area is seeing a rise in spending on veterinary care and education.

• According to Cognitive Market Research, the Brazil Veterinary Ultrasound Systems Sales market size was valued at USD 7.82 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Brazil has had technical progress in the field of veterinary ultrasonography systems.
• Argentina Veterinary Ultrasound Systems Sales market had a market share of USD 3.07 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The use of diverse imaging technologies enhances the expansion of the market.
• Colombia Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 1.63 million in 2024.
• Peru Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 1.50 million in 2024.
• Chile Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 1.31 million in 2024.
• The Rest of Latin America Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 2.94 million in 2024.

Middle East and Africa Veterinary Ultrasound Systems Sales

According to Cognitive Market Research, the global Veterinary Ultrasound Systems Sales market size was estimated at USD 365.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 7.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. The Middle East market is seeing an increase in size as a result of a rise in pet ownership and a growing tendency of treating pets as human-like beings. Investments in veterinary medical facilities and the use of fresh diagnostic technologies are driving the growth of the market. Moreover, the growing acknowledgment of animal health and wellbeing is strengthening the need for veterinary ultrasonography equipment.

• The GCC Countries Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 3.13 million in 2024. Veterinary ultrasonography is a cost-effective alternative to more sophisticated imaging techniques like as CT or MRI.
• The Egypt Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 0.77 million in 2024.
• The South Africa Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 1.15 million in 2024. The proliferation of veterinary clinics and hospitals across South Africa enhances the availability of diagnostic services.
• The Turkey Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 0.63 million in 2024.
• The Nigeria Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 0.77 million in 2024.
• The Rest of MEA Veterinary Ultrasound Systems Sales market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 0.86 million in 2024.

Veterinary Ultrasound Systems Sales Market Analysis

How are Segments Performing in the Global Veterinary Ultrasound Systems Sales Market?

Veterinary Ultrasound Systems Sales Market Type Segment Analysis

According to Cognitive Market Research, 2D Ultrasound stands out as the dominating category. The considerable market portion of this segment can be anticipated to the increased utilization of 2D ultrasound technology for disease diagnosis and pregnancy screening, as well as its comparatively low cost in relation to other technologies.

3D/4D Ultrasound emerges as the fastest-growing category in the Veterinary Ultrasound Systems Sales market. This is due to the increasing technological progress in the field, the growing demand in developed countries, and the surge in research and development efforts pertaining to 3D/4D ultrasound. It is anticipated that the Doppler imaging sector will hold the second-largest revenue share by 2022.

 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Veterinary Ultrasound Systems Sales Industry. Request a Free Sample PDF!

Veterinary Ultrasound Systems Sales Market Product Segment Analysis

According to Cognitive Market Research, the dominating category is Cart-based Ultrasound Scanners. Cart-based scanners exhibit enhanced imaging capabilities in contrast to handheld or portable devices. A greater array of applications, superior image quality, and more advanced technology are made possible by their larger dimensions. They can be utilized by veterinarians to conduct comprehensive examinations, such as musculoskeletal assessments, cardiac imaging, and abdominal scans.

The fastest-growing category in the Veterinary Ultrasound Systems Sales market is Portable Ultrasound Scanners. Portable scanners provide unparalleled convenience by virtue of their streamlined construction and effortless portability. Without difficulty, veterinarians can transport them to various locations, including pastures, stables, and remote areas. The ability to transport this device enables immediate diagnostics and on-site examinations, which is critical in emergency situations and fieldwork.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Veterinary Ultrasound Systems Sales Technology Segment Analysis

Technology Segment Analysis

According to Cognitive Market Research, the dominating category is Digital Imaging, due to increasing demand for veterinary services and technological advancements provided by major market participants. Furthermore, the increased efficacy of digital imaging systems in producing and distributing radiographs is expected to positively impact market growth. Furthermore, by reducing the necessity for retakes, these systems enhance their efficacy by providing a more expansive viewing area and greater latitude exposure, thereby driving market expansion.

The fastest-growing category in the Veterinary Ultrasound Systems Sales market is Contrast Imaging. In contrast to digital imaging equipment, this one is more widely utilized in veterinary hospitals and clinics. Contrast imaging is utilized to depict myocardial perfusion and M-mode. Due to its ability to assess the left ventricular free wall and septum, contrast ultrasound myocardial perfusion imaging is predominantly employed in companion animals such as cats and canines to diagnose myocardial infarction.

• Digital Imaging
• Contrast Imaging

Veterinary Ultrasound Systems Sales Animal Type Segment Analysis

Animal Type Segment Analysis

According to Cognitive Market Research, the dominating category is Small Companion Animals. A growing number of companion animals are being kept as pets in developed nations. Additionally, pet ownership affords its proprietors physical and mental health benefits. Consequently, developed countries are witnessing a rise in health expenditures for canines, which contributes to the substantial market share of this sector.

The fastest-growing category in the Veterinary Ultrasound Systems Sales market is Other Animals. The category of Other Animals comprises an extensive array of species that extend beyond the frequently examined small and large fauna. It consists of fauna, uncommon pets, menagerie animals, and an assortment of non-traditional species. As interest in these creatures increases, so does the need for ultrasound imaging and other specialized veterinary services.

• Small Companion Animals
• Large Animals
• Other Animals

Veterinary Ultrasound Systems Sales Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Obstetrics & Gynecology. Market expansion is the cause of the expanding utilization of ultrasonography for detecting pregnancy in animals. Ultrasound can detect the pregnancy of certain domesticated animals prematurely and precisely. Transrectal sonography is recommended for equine and bovine species, whereas transcutaneous ultrasound scanning is suitable for canines and felines. For porcine and sheep, goats, and piglets, transrectal or transcutaneous remedies are prescribed.

The fastest-growing category in the Veterinary Ultrasound Systems Sales market is Cardiology. This is primarily attributable to the increasing incidence of cardiovascular diseases in animals. the leading causes of cardiovascular disease in animals are aging and gluttony. Myxomatous Mitral Valve Disease (MMVD) is the most prevalent cardiac condition among canines. Small and senior canines are more susceptible to developing this condition.

• Obstetrics & Gynecology
• Cardiology
• Orthopedics
• Other Applications

Veterinary Ultrasound Systems Sales End User Segment Analysis

End User Segment Analysis

According to Cognitive Market Research, the dominating category is Veterinary Hospitals & Academic Institutes. It is anticipated that the availability of an extensive array of diagnostic alternatives in veterinary clinics and hospitals will aid in the growth of this sector. Furthermore, it is expected that technological advancements, including mobile applications that are efficient for pet owners and information management systems hosted in the cloud, will positively impact market expansion.

The fastest-growing category in the Veterinary Ultrasound Systems Sales market is Other End Users. Reference laboratories offer comprehensive diagnostic tests to ensure the delivery of accurate results, in addition to providing specialist consultation services. Increasing collaboration between market participants and reference laboratories is anticipated to contribute to the expansion of this market segment.

• Veterinary Clinics
• Veterinary Hospitals & Academic Institutes
• Other End Users

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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